Singapore Stock Market News

No danger signs yet

StockFanatic
Publish date: Thu, 30 May 2013, 01:03 PM
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The S&P500 has been on the rise and is in an uptrend channel since the end of last year. Its major support level is at 1,590.

MSCI Asia ex-Japan's (MAxJ) upleg from mid-2012 could be near its end. However, it is still too early to call a peak. We are concerned about Thailand's SET uptrend as the weekly MACD and RSI are showing negative divergence signs, indication of a tiring uptrend.
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